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Zoho Expense vs Expensify

Zoho Expense vs Expensify: Detailed Comparison for 2024

If you're looking for an expense management tool, you'll likely come across Zoho Expense and Expensify. 

In this article, we'll provide an overview of both tools, including a quick comparative table, pricing, and reviews. 

We'll also compare these tools to ExpenseOnDemand, another popular expense management software.

Expense management can be a tedious and time-consuming process. That's why it's important to find the right tool for your needs. 

Key Takeaways

  • Zoho Expense and Expensify are both popular expense management tools with their own unique features and pricing structures.
  • ExpenseOnDemand is another popular option to consider when choosing an expense management tool.
  • When choosing an expense management tool, it's important to consider your specific needs and budget.

When it comes to expense management software, both Zoho Expense and Expensify offer unique features. 

Zoho Expense is an all-in-one travel and spend management platform that caters to enterprises, while Expensify is a payments super app that is best suited for small companies. 

Both platforms offer mobility and 24/7 support. However, Zoho Expense stands out with its web OCR facility for expense capture, while Expensify offers multi-currency support.

Overview of Zoho Expense

Zoho Expense features:

Zoho Expense is a web and mobile-based expense management software that simplifies tracking and managing employee expenses. With Zoho Expense, you can create and submit expense reports, automate approval workflows, and reimburse employees seamlessly. Zoho Expense also integrates with popular accounting software such as QuickBooks online and Zoho Books to streamline the expense reimbursement process further.

Zoho Expense comes with additional features such as:

  • Expense tracking: Easily track expenses by uploading receipts, creating expense reports, and categorizing expenses by project, department, or client.
  • Expense reporting: Create detailed expense reports with just a few clicks, including details such as date, time, location, category, and receipts.
  • Mobile application: Zoho Expense has a mobile app for iOS and Android devices. Users can now manage their expenses on the go.
  • Multiple integrations: Zoho Expense integrates with various accounting software such as Zoho Books, QuickBooks, and Xero, making it easy to export data for accounting purposes.
  • Approval workflow: Zoho allows you to set an approval workflow that helps users define expense approval rules, including limits and routing.

Zoho Expense pros:

Zoho Expense has several pros that make it a great expense management software, including:

  • Ease of use: Zoho Expense is easy to use, making it simple for users to track and manage their expenses.
  • Auto scanning of receipts: Zoho Expense automatically scans receipts, making it easier for users to track expenses.
  • Business tool integration functionality: Zoho Expense integrates with various business tools, making it easier for users to manage their expenses.
  • Mileage expense tracking/mileage tracking: Zoho Expense allows users to track mileage expenses, making it easier to manage travel expenses.
  • Smart categorization: Zoho Expense automatically categorizes expenses, making it easier for users to track expenses.
  • Ease of creating expense reports: Zoho Expense makes it easy to create detailed expense reports with just a few clicks.

Zoho Expense cons:

Zoho Expense has a few cons that users should be aware of, including:

  • One G2 user felt that Zoho Expense must have more customized workflows and processes.
  • No 24/7 customer support.

Zoho Expense Ratings:

Zoho Expense has received high ratings from users, including:

  • Ease of use –
  • Value for money –
  • Expense fraud prevention –
  • Spend visibility –
  • Analytics and insights –
  • Customer support –

Zoho Expense is a great expense management software that simplifies tracking and managing employee expenses. With its many features and integrations, Zoho Expense makes it easy to manage expenses and streamline the expense reimbursement process.

Overview Expensify

Expensify is an expense management software application that offers solutions for expense reporting, receipt tracking, and reimbursement. It simplifies the expense reporting process by automatically importing corporate card transactions from bank accounts and credit cards, categorizing expenses, and generating reports that can be exported to accounting software. Expensify offers a range of features to help companies manage their expenses, including capturing receipts with a mobile device, tracking mileage, setting expense policies, and creating custom approval workflows. The software also integrates with popular accounting software like QuickBooks and Xero, making syncing expense data with a company's financial records effortless.

Expensify features:

Expensify offers one-click receipt scanning, smart automation with SmartScan, customizable approval workflows, and multiple integrations with accounting, ERP, and HRMS systems. It ensures advanced tax tracking, PCI-compliant security, and easy delegation of access for efficient expense management. Colleagues can effortlessly create, submit, and approve reports on your behalf.

Expensify pros:

Expensify's hassle-free creation of expense reports, bank and corporate credit card integration, currency conversions, travel itinerary, and flight status are some of its pros. It simplifies the expense management process, reduces errors, and saves time for businesses of all sizes.

Expensify cons:

According to a G2 review, the website has more features than the app.

Expensify Ratings:

Based on user reviews and ratings, Expensify has a high rating for ease of use, value for money, expense fraud prevention, spend visibility, analytics and insights, and customer support.

Zoho Expense vs Expensify – Pricing

Zoho Expense

Zoho Expense offers a range of pricing plans that cater to different business needs. The free plan is ideal for small businesses and freelancers, while the Standard, Premium, and Enterprise plans offer more advanced features for larger organizations. The plans are priced at ₹ 99, ₹ 199, and ₹ 299 per active user/month billed annually, respectively.

Expensify

Expensify also offers a free plan, but its paid plans are structured differently. The Collect plan starts at $5/user/month with Expensify Card, while the Control plan starts at $9/user/month with Expensify Card. Expensify's pricing model is designed to provide flexibility to businesses of all sizes, with the option to add additional features as needed.

Overall, both Zoho Expense and Expensify offer competitive pricing models that can be tailored to meet the specific needs of your business.

ExpenseOnDemand vs Zoho Expense vs Expensify – Comparative Analysis

Features

When it comes to expense management software, ExpenseOnDemand, Zoho Expense, and Expensify are three popular options that businesses can choose from. These software solutions offer a range of features to help with reimbursement, expense tracking, and policy enforcement. Here's a closer look at the features offered by each of these solutions:

ExpenseOnDemand

  • Multi-currency support
  • Mobile app for Android and iOS
  • Approval workflow
  • Corporate card integration
  • Mileage tracking
  • Expense reporting
  • Integrations with accounting software such as Xero and Sage
  • Customer support

Zoho Expense

  • Mobile app for Android and iOS
  • Web-based platform
  • Small business and large enterprise support
  • Freelancer support
  • Policy enforcement
  • Integrations with Zoho Books and other Zoho products
  • Ease of use for employees
  • Mobile receipt upload

Expensify

  • Mobile app for Android and iOS
  • Real-time expense reports
  • Corporate card integration
  • Flexible travel integrations with Uber and Trainline
  • Direct deposit reimbursement
  • PCI-compliant security
  • Advanced tax tracking
  • Automatic approval and reimbursement
  • Duplicate expense detection
  • Auditor access
  • One-click online reimbursement
  • Advanced policy enforcement
  • SAML SSO
  • Custom business logic
  • ScanSnap for receipt scanning

Overall, all three software solutions offer a range of features to help businesses manage their expenses. While ExpenseOnDemand offers multi-currency support and integrations with accounting software, Zoho Expense provides ease of use for employees and Expensify offers advanced features such as real-time expense reports and custom business logic. Ultimately, the best solution will depend on the specific needs of the business.

ExpenseOnDemand vs Zoho Expense vs Expensify – Reviews*

Features

When it comes to expense management software, there are many options available in the market. Three of the most popular ones are ExpenseOnDemand, Zoho Expense, and Expensify. Let's take a look at the features offered by each of them:

ExpenseOnDemand

ExpenseOnDemand is a cloud-based expense management software that helps businesses of all sizes to manage their expenses. Some of the key features of ExpenseOnDemand include:

  • Automated expense tracking
  • Customizable expense categories
  • Multi-currency support
  • Real-time data reporting

Zoho Expense

Zoho Expense is another cloud-based expense management software that is designed to simplify expense reporting for businesses. Some of the key features of Zoho Expense include:

  • Automated expense tracking
  • Customizable expense categories
  • Multi-currency support
  • Mobile app for on-the-go expense tracking

Expensify

Expensify is a cloud-based expense management software that streamlines the expense reporting process for businesses. Some of the key features of Expensify include:

  • Automated expense tracking
  • Customizable expense categories
  • Multi-currency support
  • Receipt scanning and SmartScan technology for easy expense entry

ExpenseOnDemand

ExpenseOnDemand is a cloud-based expense management software that offers a range of features to help businesses manage their expenses. 

Some of the key features of ExpenseOnDemand include:

  • Automated expense tracking
  • Customizable expense categories
  • Multi-currency support
  • Real-time data reporting
  • Integration with accounting software

Overall, all four expense management software options offer similar features that can help businesses manage their expenses more efficiently. However, it is important to evaluate each option carefully to determine which one is the best fit for your business needs.

Why is ExpenseOnDemand Better than Zoho Expense and Expensify?

ExpenseOnDemand Ratings

ExpenseOnDemand is the leading solution in the T&E industry, with over 15,000+ customers across 20+ countries. It provides an all-in-one platform for corporate travel, employee expense, and payments management. Compared to Zoho Expense and Expensify, ExpenseOnDemand has a higher overall rating based on customer reviews.

Customer Satisfaction

ExpenseOnDemand has a higher customer satisfaction rating than Zoho Expense and Expensify. Customers have reported that ExpenseOnDemand is easy to use, has excellent customer support, and offers a wide range of features.

Integration

ExpenseOnDemand offers seamless integration with popular accounting software such as QuickBooks, Xero, and Sage. This allows for easy and efficient expense management and accounting. Zoho Expense and Expensify also offer integration, but ExpenseOnDemand's integration capabilities are more extensive.

Pricing

ExpenseOnDemand's pricing is competitive and transparent, with no hidden fees. Zoho Expense and Expensify offer similar pricing plans, but ExpenseOnDemand offers more value for money with its additional features and superior customer support.

In conclusion, ExpenseOnDemand is the better choice for businesses looking for an all-in-one solution for travel, expense, and payments management. With its high customer satisfaction rating, extensive integration capabilities, and competitive pricing, ExpenseOnDemand is the clear winner over Zoho Expense and Expensify.

Conclusion

In the world of expense management, there are several options available to businesses. Zoho Expense offers affordability and ease of use, while Expensify is robust but can be complex to master. 

However, ExpenseOnDemand Expense Management is emerging as a strong contender with its seamless blend of user-friendliness and advanced customization options.

ExpenseOnDemand excels as a top-tier option, seamlessly integrating with Xero and other leading accounting software. The flexible custom report builder facilitates effortless expense and receipt integration into any accounting software, offering a wide array of functionalities from policy enforcement to AI receipt scanning. The platform's rich features are complemented by user-friendly video tutorials for easy training.

Their pricing model is the most competitive, ensuring you pay only for what you use, backed by a flexible rolling contract that demonstrates confidence in their service. Implementation is complimentary, and they invest ample time to ensure your team fully leverages the platform. With a support team addressing minimal issues, ExpenseOnDemand maintains a consistently higher consumer rating, visible in reviews on G2 and Gartner.

When considering which expense management solution to choose, it ultimately depends on your specific needs. However, with ExpenseOnDemand's distinct advantages and innovative approach, it is undoubtedly a solution worth considering for more efficient expense management and better value for money.

Frequently Asked Questions

What are the primary differences in features between Zoho Expense and Expensify?

Zoho Expense and Expensify are both expense management software that help businesses track and manage their expenses. However, there are some key differences between the two.

Zoho Expense offers features such as mileage tracking, project billing, and integration with other Zoho apps like Zoho Books and Zoho CRM. Expensify, on the other hand, offers features such as receipt scanning, automatic categorisation of expenses, and the ability to reimburse employees directly through the app.

How does the integration between Expensify and Zoho platforms work?

Expensify offers integration with Zoho Books, allowing for seamless transfer of expense data between the two apps. Users can also set up custom workflows to automate the expense reporting process.

Can Zoho Expense accommodate the financial needs of non-profit organisations?

Yes, Zoho Expense offers features specifically tailored to the needs of non-profit organisations, such as the ability to track donations and generate tax receipts.

What are the options for prepaid cards offered by Expensify, and are they available in the UK?

Expensify offers a variety of prepaid card options, including virtual cards and physical cards. However, it is unclear if these options are available in the UK. It is recommended to check with Expensify directly for more information.

In what ways does Expensify generate revenue, including details on their Pay Per Use model?

Expensify generates revenue through a variety of channels, including a Pay Per Use model where users are charged a fee for each expense report created. They also offer a subscription-based model for businesses with larger expense reporting needs.

How does Zoho Expense enhance expense tracking for small businesses compared to Expensify?

Zoho Expense offers a user-friendly interface and a variety of integrations with other Zoho apps, making it easy for small businesses to manage their expenses in one place. Additionally, Zoho Expense offers features such as project billing and mileage tracking, which may be particularly useful for small businesses.

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